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Sichuan Chuantou Energy Co., Ltd. Earnings Report Announcement for the First Three Quarters of 2024
Express News | Sichuan Chuantou Energy Says Prelim Jan-Sept Net Profit up 15.1% Y/Y
China Galaxy Securities: Thermal power generation growth rate turns positive, electricity consumption growth rate accelerates.
CITIC Securities released research reports stating that they are bullish on the thermal power sector for the whole year, which has policy catalysts, continuous performance improvement, and valuation potential; they are bullish on the hydropower and nuclear power sectors in the long term, which have high performance certainty and strong dividend capabilities.
In the first eight months, the installed capacity for power generation increased by 14%! The electrical utilities sector is booming, institutions: high prosperity accelerating realization.
Delivery has entered the peak season, and the performance of the power grid enterprises is expected to be further unleashed.
Sichuan Chuantou Energy (600674.SH): plan to increase the capital of Pan Xin Energy Company by 0.4 billion yuan.
Sichuan Chuantou Energy (600674.SH) announced on September 10th that Sichuan Chuantou (Panzhihua) New Energy Development Co., Ltd. (referred to as 'Panzhi New Energy Company') was registered and established in the eastern district of Panzhihua in 2021. It is a wholly-owned subsidiary of Sichuan Chuantou Energy and also a new energy investment platform under Sichuan Chuantou Energy. As of the end of June 2024, Panzhi New Energy Company holds a controlling stake in operating equipment of 284.17MW, including 0.6MW of distributed photovoltaics on the roof of Panzhihua mail processing center, 183.57MW of Guangxi Yuchai Agricultural Photovoltaic Power Co., Ltd., and 100MW of Guangxi Rong'an Yuchai New Energy Co., Ltd.
China Galaxy Securities: It is expected that the installed capacity of wind and solar power will hit a new high for the whole year, and the growth rate of thermal power generation in the second half of the year is expected to continue to rise.
Bullish on the thermal power sector with policy catalysts, continuous performance improvement, and potential for valuation increase throughout the year; Long-term bullish on the hydropower sector with high performance certainty and strong dividend capability, as well as the nuclear power sector. New energy is already in the bottom area.
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